Asset Management One Co. Ltd. Boosts Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Asset Management One Co. Ltd. boosted its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 11.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,074 shares of the company's stock after acquiring an additional 15,203 shares during the quarter. Asset Management One Co. Ltd. owned 0.12% of GXO Logistics worth $7,710,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new position in shares of GXO Logistics in the 3rd quarter valued at $28,000. UMB Bank n.a. grew its position in GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company's stock valued at $33,000 after acquiring an additional 331 shares during the last quarter. Signaturefd LLC raised its stake in GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company's stock worth $48,000 after acquiring an additional 249 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company's stock worth $54,000 after acquiring an additional 282 shares during the last quarter. Finally, Mather Group LLC. boosted its stake in shares of GXO Logistics by 170.7% in the 2nd quarter. Mather Group LLC. now owns 1,110 shares of the company's stock valued at $60,000 after purchasing an additional 700 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Trading Down 1.1 %

Shares of GXO Logistics stock traded down $0.67 on Friday, hitting $59.75. 640,546 shares of the company's stock traded hands, compared to its average volume of 929,208. The company has a fifty day moving average of $54.76 and a two-hundred day moving average of $51.97. GXO Logistics, Inc. has a one year low of $46.07 and a one year high of $63.33. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 67.13, a price-to-earnings-growth ratio of 1.75 and a beta of 1.55. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.01. GXO Logistics had a return on equity of 10.21% and a net margin of 0.97%. The firm had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.01 billion. During the same period in the prior year, the business earned $0.69 EPS. The company's revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, sell-side analysts expect that GXO Logistics, Inc. will post 2.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GXO. Susquehanna lowered their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a "positive" rating for the company in a research report on Thursday, September 26th. TD Cowen increased their price target on GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a research note on Wednesday. Citigroup assumed coverage on GXO Logistics in a research note on Wednesday, October 9th. They set a "buy" rating and a $60.00 price target on the stock. Finally, UBS Group upped their price target on shares of GXO Logistics from $66.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $67.55.

GXO Logistics Company Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.